By: Carol A. Clark – Los Alamos Daily Post – The nationally leading oil and gas regulations of the Lujan Grisham administration...
Story By Stephen Cunningham |Argus Media| Future merger and acquisition activity may not be able to match the size of the deals...
Story by Andreas Exarheas|Rigzone Staff| World oil demand continues to exceed expectations, the International Energy Agency (IEA) stated in its latest oil...
The European Union’s recent agreement to significantly curb methane emissions in the energy sector marks a pivotal step in its ongoing battle...
Story By Rocky Teodoro|RigZone.com|Australia’s Karoon Energy Limited is acquiring a 30 percent interest in the Gulf of Mexico’s Who Dat and Dome...
JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...
By: Reuters – A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed...
By: S&P Global – Rising natural gas-to-oil ratios will continue to support gas production in the US’ Bakken Shale, Oneok executives said....
Story By Arathy Somasekhar HOUSTON, (Reuters) – U.S. oil pipeline and export terminal operators are stepping up quality checks on WTI Midland...
Story By Sabrina Valle, Shariq Khan and David French|Reuters| Chevron Corp (CVX.N) said it is evaluating options for around 70,000 net acres of land in East Texas’ Haynesville...
U.S. stocks finished mostly lower on Tuesday as investors weighed another disappointing reading on the U.S. consumer and President Trump's assertion that 25% tariffs against Canada and Mexico will still be implemented next month.
The S&P 500 was off 28 points, or 0.5%, to end at 5,955.25.
The Nasdaq Composite tumbled 260.54 points, or 1.4%, to finish at 19,026.39.
The S&P 500 and the Nasdaq fell for the fourth trading day in a row. Both indexes suffered their largest four-day percentage declines since Sept. 6, according to Dow Jones Market Data.
The Dow Jones Industrial Average rose 159.95 points, or 0.4%, ending at 43,621.16. It was the best day for the blue-chip index since Feb. 13, according to Dow Jones Market Data.
U.S. consumer confidence dropped to an eight-month low of 98.3 in February on concerns about the outlook for the broader economy, the privately run Conference Board said Tuesday. Economists polled by the Wall Street Journal had forecast the index to register 102.4, compared with a revised 105.3 in the prior month.
After suspending operations last August due to low natural gas prices, Coterra Energy announced plans to restart drilling and completions in the Marcellus Basin this spring. The company has allocated $250 million in capital for the region in 2025, with the possibility of increasing the budget by $50 million if prices remain strong. Coterra plans to operate one rig and half a completion crew, targeting 10-15 new wells this year. Executives cite improved cost structures and a more efficient drilling strategy, which includes a 60% increase in lateral length and a reduction in drilling costs to $800 per lateral foot, as key factors in their renewed activity.
The company is also ramping up overall capital spending, forecasting a 2025 budget of $2.1-$2.4 billion, up from $1.8 billion in 2024. The Permian Basin remains the primary focus, receiving $1.57 billion, while the Anadarko Basin will see $230 million in investment. Fourth-quarter results showed production of 682,000 boe/d with net income of $297 million, down from $416 million in late 2023 due to lower commodity prices. Looking ahead, Coterra expects production to grow to 710,000-770,000 boe/d in 2025. Shares of Coterra (CTRA) have risen 13% over the past six months, bringing the company’s market capitalization to over $20 billion, reflecting investor optimism about its long-term strategy.
Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.
Traders also weighed prospects for talks aimed at ending Russia’s war against Ukraine and reports that Iraq will resume oil exports from its Kurdish region.
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Have your oil & gas questions answered by industry experts.